Collector lead vs medical collector

The differences between collector leads and medical collectors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a collector lead and a medical collector. Additionally, a collector lead has an average salary of $99,625, which is higher than the $36,235 average annual salary of a medical collector.

The top three skills for a collector lead include customer service, collection calls and payment arrangements. The most important skills for a medical collector are patients, healthcare, and customer service.

Collector lead vs medical collector overview

	Collector Lead	Medical Collector
Yearly salary	$99,625	$36,235
Hourly rate	$47.90	$17.42
Growth rate	-8%	-8%
Number of jobs	6,919	73,797
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 39%	Bachelor's Degree, 24%
Average age	46	46
Years of experience	12	12

Collector lead vs medical collector salary

Collector leads and medical collectors have different pay scales, as shown below.

	Collector Lead	Medical Collector
Average salary	$99,625	$36,235
Salary range	Between $63,000 And $155,000	Between $30,000 And $42,000
Highest paying City	San Francisco, CA	Arlington Heights, IL
Highest paying state	Connecticut	Illinois
Best paying company	Accenture	Addison Group
Best paying industry	-	Finance

Differences between collector lead and medical collector education

There are a few differences between a collector lead and a medical collector in terms of educational background:

	Collector Lead	Medical Collector
Most common degree	Bachelor's Degree, 39%	Bachelor's Degree, 24%
Most common major	Business	Business
Most common college	-	-

Collector lead vs medical collector demographics

Here are the differences between collector leads' and medical collectors' demographics:

	Collector Lead	Medical Collector
Average age	46	46
Gender ratio	Male, 40.5% Female, 59.5%	Male, 18.0% Female, 82.0%
Race ratio	Black or African American, 11.7% Unknown, 4.1% Hispanic or Latino, 21.2% Asian, 3.7% White, 58.8% American Indian and Alaska Native, 0.5%	Black or African American, 13.6% Unknown, 3.9% Hispanic or Latino, 22.6% Asian, 3.3% White, 56.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between collector lead and medical collector duties and responsibilities

Collector lead example responsibilities.

Manage re-billings for third party accounts including: commercial carriers, manage care, PPO, POS and HMO organizations.
Assist department manager in hiring & training new team members on company expectations & FDCPA laws.
Exceed monthly goals set by the client while following all guidelines with state laws and FDCPA.
Complete monthly A/R account reconciliations with minimal reconciling items requiring resolution.
Coordinate monthly inter-company A/R position with multiple operating units around the world.
Utilize communication and negotiation skills to understand the customer s specific situation and assist them with determining the best repayment solution.

Medical collector example responsibilities.

Use EMR software to manage patient records and files; reinforce and uphold patient confidentiality as required by HIPAA and clinic.
Perform as a mediator between insurance companies and patients collecting nationwide extensive medical bills.
Utilize A/R reports and identify accounts that are past payments.
Maintain a filing system of clients' medical records and disclosure following HIPPA guidelines.
Post appropriate adjustment types and carrier payments to accounts for true A/R account balance reflection.
Maintain strict confidentiality; adhering to all HIPAA guidelines/regulations.

Collector lead vs medical collector skills

Common collector lead skills

Customer Service, 16%
Collection Calls, 9%
Payment Arrangements, 7%
Credit Card Accounts, 6%
Delinquent Accounts, 6%
Outbound Calls, 5%

Common medical collector skills

Patients, 22%
Healthcare, 9%
Customer Service, 7%
Medical Collections, 5%
Appeals, 5%
Medicaid, 4%